Global Vegan B12 Supplement Market Report, History and Forecast 2018-2034, Breakdown Data by Manufacturers, Key Regions, Types and Application
Published on: 2024-01-04 | No of Pages : 400 | Industry : Pharma & Healthcare
Publisher : MRA | Format : PDF
Global Vegan B12 Supplement Market Report, History and Forecast 2018-2034, Breakdown Data by Manufacturers, Key Regions, Types and Application
Vegan B12 Supplement report published by Mr Accuracy reports reveals that COVID-19 and Russia-Ukraine War impacted the market dually in 2022. Global Vegan B12 Supplement market is projected to reach US$ 264 million in 2029, increasing from US$ 209 million in 2022, with the CAGR of 3.4% during the period of 2024 to 2029. Demand from Offline Sales and Online Sales are the major drivers for the industry.
The vegan B12 supplement market has been experiencing significant growth in recent years, driven by the increasing adoption of vegan and vegetarian diets. B12 is primarily found in animal-based products, making it challenging for vegans to obtain sufficient levels of this essential nutrient from their diet alone. As a result, the demand for vegan B12 supplements has been steadily rising.The vegan B12 supplement market is witnessing strong growth across various regions, including North America, Europe, and Asia-Pacific. North America currently holds the largest market share, driven by the high prevalence of vegan and vegetarian diets in countries like the United States and Canada. Europe is also a significant market for vegan B12 supplements, with countries like Germany, the United Kingdom, and France leading the demand. The Asia-Pacific region is expected to witness the fastest growth, fueled by the increasing adoption of veganism and vegetarianism in countries like India, China, and Japan.The vegan B12 supplement market is highly fragmented, with numerous players operating in the industry. The vegan B12 supplement market presents several opportunities for growth. The rising awareness about the importance of B12 supplementation among vegans and vegetarians is a key driver for market expansion. Additionally, the increasing availability of vegan B12 supplements through online retail channels and health food stores is expected to boost market growth. Moreover, the growing trend of personalized nutrition and the development of innovative delivery formats, such as gummies and sprays, present opportunities for market players to cater to a wider consumer base.Despite the positive market outlook, the vegan B12 supplement market also faces certain challenges. One of the primary challenges is the lack of awareness among vegans and vegetarians about the need for B12 supplementation. Many individuals following plant-based diets may not be aware of the potential health risks associated with B12 deficiency, leading to lower demand for supplements. Additionally, the availability of plant-based food fortified with B12, such as plant-based milk and cereals, may reduce the perceived need for supplements among some consumers. Moreover, the presence of counterfeit products and the lack of regulatory standards in some regions pose challenges to market growth.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2024-2034), aims to help readers to get a comprehensive understanding of global Vegan B12 Supplement market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Manufacturers, Type, Channel and Regions Listed in the Report
Live Conscious
Future Kind
HUM Nutrition
MegaFood
Global Healing
Naturelo
Deva
MaryRuth’s
Garden of Life
EZ Melts
Vivo Life
Puritan's Pride
Live Well Nationwide
Omvits
Ergomax
EVO Nutrition
Nuevita
Sealions
Segment by Type
Capsule
Spray
Others
Segment by Channel
Offline Sales
Online Sales
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Each chapter of the report provides detailed information for readers to understand the Vegan B12 Supplement market further
Chapter 1Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2024.
Chapter 2Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Vegan B12 Supplement, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Vegan B12 Supplement industry.
Chapter 3Historical (2018-2022) and forecast (2024-2034) volume and revenue analysis of Vegan B12 Supplement in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4Product Channel, Volume and Revenue analysis of Each Channel in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2024.
Chapter 5 to 9Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Vegan B12 Supplement introduction, etc. Vegan B12 Supplement Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12Market Channel, Distributors and Customers are listed.
Chapter 13Mr Accuracy reports’s Conclusions of Vegan B12 Supplement market based on comprehensive survey.
Chapter 14Methodology and Data Sources adopted by Mr Accuracy reports.
The vegan B12 supplement market has been experiencing significant growth in recent years, driven by the increasing adoption of vegan and vegetarian diets. B12 is primarily found in animal-based products, making it challenging for vegans to obtain sufficient levels of this essential nutrient from their diet alone. As a result, the demand for vegan B12 supplements has been steadily rising.The vegan B12 supplement market is witnessing strong growth across various regions, including North America, Europe, and Asia-Pacific. North America currently holds the largest market share, driven by the high prevalence of vegan and vegetarian diets in countries like the United States and Canada. Europe is also a significant market for vegan B12 supplements, with countries like Germany, the United Kingdom, and France leading the demand. The Asia-Pacific region is expected to witness the fastest growth, fueled by the increasing adoption of veganism and vegetarianism in countries like India, China, and Japan.The vegan B12 supplement market is highly fragmented, with numerous players operating in the industry. The vegan B12 supplement market presents several opportunities for growth. The rising awareness about the importance of B12 supplementation among vegans and vegetarians is a key driver for market expansion. Additionally, the increasing availability of vegan B12 supplements through online retail channels and health food stores is expected to boost market growth. Moreover, the growing trend of personalized nutrition and the development of innovative delivery formats, such as gummies and sprays, present opportunities for market players to cater to a wider consumer base.Despite the positive market outlook, the vegan B12 supplement market also faces certain challenges. One of the primary challenges is the lack of awareness among vegans and vegetarians about the need for B12 supplementation. Many individuals following plant-based diets may not be aware of the potential health risks associated with B12 deficiency, leading to lower demand for supplements. Additionally, the availability of plant-based food fortified with B12, such as plant-based milk and cereals, may reduce the perceived need for supplements among some consumers. Moreover, the presence of counterfeit products and the lack of regulatory standards in some regions pose challenges to market growth.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2024-2034), aims to help readers to get a comprehensive understanding of global Vegan B12 Supplement market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Manufacturers, Type, Channel and Regions Listed in the Report
By Company
Live Conscious
Future Kind
HUM Nutrition
MegaFood
Global Healing
Naturelo
Deva
MaryRuth’s
Garden of Life
EZ Melts
Vivo Life
Puritan's Pride
Live Well Nationwide
Omvits
Ergomax
EVO Nutrition
Nuevita
Sealions
Segment by Type
Capsule
Spray
Others
Segment by Channel
Offline Sales
Online Sales
Segment by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Each chapter of the report provides detailed information for readers to understand the Vegan B12 Supplement market further
Chapter 1Product Definition, Product Types, Volume and Revenue analysis of Each Type in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2024.
Chapter 2Manufacturer Competition Status, including Sales and Revenue comparison, Manufacturers’ commercial date of Vegan B12 Supplement, product type offered by each manufacturer, Mergers & Acquisitions activities, Expansion activities occurred in the Vegan B12 Supplement industry.
Chapter 3Historical (2018-2022) and forecast (2024-2034) volume and revenue analysis of Vegan B12 Supplement in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Chapter 4Product Channel, Volume and Revenue analysis of Each Channel in North America, Europe, Asia-Pacific, Latin America, Middle East and Africa from 2018 to 2024.
Chapter 5 to 9Country Level analysis of North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, including volume and revenue analysis.
Chapter 10Manufacturers’ Outline, covering company’s basic information like headquarter, contact information, major business, Vegan B12 Supplement introduction, etc. Vegan B12 Supplement Sales, Revenue, Price and Gross Margin of each company as well as Recent Development are also contained in this part.
Chapter 11Industry Chain, like raw materials, manufacturing cost, are covered. In addition, market opportunities and challenges are emphasized as well in the chapter.
Chapter 12Market Channel, Distributors and Customers are listed.
Chapter 13Mr Accuracy reports’s Conclusions of Vegan B12 Supplement market based on comprehensive survey.
Chapter 14Methodology and Data Sources adopted by Mr Accuracy reports.
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